Monsanto Co. said late Thursday it has completed its previously announced purchase of Precision Planting Inc., and that the Tremont, Ill.-based planting technology developer is now part of its Integrated Farming Systems unit. Creve Coeur-based Monsanto announced May 23 it would pay $210 million for the business, plus a performance-based payment of up to $40 million. Precision Planting develops software, hardware and after-market production equipment to help farmers analyze and boost yield and productivity.

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